Searching for the Right Bank

You might already realize that you don’t like your bank. High fees and low rates are not a good combination. But now what? How can you tell the difference between one online bank and the next? If you are considering ditching your local bank, here are few things to consider:
1. When looking at bank deals [...]

Online Banking and Linking External Accounts

One of the best features of online banking is linking external bank accounts. The basic idea behind linking an external account to your existing bank account is the ability to transfer funds between the two accounts online. The transfer of funds online is much easier and faster than mailing a paper check from one bank to the other. It [...]

Virtual Bank Increases Rates on Money Market Accounts, Savings Accounts, and CDs

Virtual Bank is division of Lydian Private Bank which has been operating as an “internet-only” bank for over 5 years. Without branch overhead VirtualBank has been able to consistently pay some of the top rates on their deposit products. VirtualBank increased rates this week with the following rates available to online banking customers:

eMoney Market Accounts [...]

Banks and Credit Unions Paying Higher Interest Rates

CD Rates, Money Market Rates, Savings Rates, and Checking Rates have all increased this week with 4%, 5%, and even 6% rates available from FDIC-insured banks. Unique rate deals this week include:
10.00% APY from Shore Bank on their Grand Slam checking account for balances from $.01 to $1,000. Must live in eligible county in Maryland [...]

6.00% Checking Yields for Online Banking Customers

Reward checking accounts have been one of the fastest growing bank products of 2008 with several hundred banks now offering some incentive-based checking account. Each bank has it’s own unique rewards and requirements, but they all require that the banking customer utilize some online banking services to earn the highest-tier yield. Consumers who do not [...]

Find A Better Bank Tool now on Money-Rates.com

The new Find A Better Bank tool now featured on Money-Rates.com does much more than just find banks in your local area - it allows consumers to find the best bank for their particular needs. The tool allows users to rate how important the following banking features are to them:

Interest on balances
Overdraft Protection
Online [...]

Online Banks ready for Summer with New Deals and Rates

Online banks are ready for their summer promotional blitz by offering a wide variety of new online banking deals as well as higher rates on bank deposits. Consumers now have a variety of incentives to open new bank accounts including free cash, free airline miles, or even free iPods. In addition, with the prospect of [...]

Linking Your Online Checking Account to Your Online Savings Account

Bank make a huge amount of money from their customers who are forgetful and bounce checks. While overdrafts can happen innocently enough there are ways for online banking customers to protect themselves against overdrafts. The different options vary from expensive to cheap:
Overdraft Protection or Bounce-Coverage Plans
Bank that offer this plan will not return your overdrawn [...]

Electric Orange Checking Account from ING Direct: High Rates and Environment-Friendly

ING Direct is laying the claim to “America’s first paperless checking account”. The Electric Orange Checking account is environment-friendly by eliminating all checks and account statements but has also been widely acclaimed for their online banking platform and the exceptional rates paid on deposits. The tiered rates have been as high as 5.30% on checking [...]

Bank Reward Programs Local and National

The Federal Reserve has lowered rates by over two full percentage points in 2008 and banks have reacted by lowering their own deposit rates on savings, checking, money market, and CDs. The highest rates available right now may be from a local bank offering a Reward Checking account which pays yields as high as 6.26% [...]

Reward Checking Accounts Looking Better Than Ever

Reward checking is a product that was rolled out by banks (mainly online banks) in 2007 with little publicity. A reward checking account pays a high APY on balances up to a preset limit if customers maintain specific online banking requirements which may include: debit card transactions, check card transactions, direct deposit, auto-debits, and receiving [...]

Online Bank Deals - Cash, cash, and more cash

Online Bank Deals - rewards, miles, and cash bonuses
Today’s deals include:
US Bank’s Cash Bonus Visa® Check Card allows customers to earn as much as 25% cash back by shopping with any of their select partners. List of partners and their cash back percentages are listed here.
Metropolitan National Bank is offering a $200 bonus to new [...]

FDIC Report on Online Banking

Tips for Safe Banking Over the Internet from the FDIC:
As use of the Internet continues to expand, more banks and thrifts are using the Web to offer products and services or otherwise enhance communications with consumers.
The Internet offers the potential for safe, convenient new ways to shop for financial services and conduct banking business, any [...]